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161 Ford Road, Upton, Wirral, Merseyside, CH49 0TH

  • Freehold Investment Opportunity
  • Well Established Commercial District
  • Current Passing Rent: £9,000 pa
  • Net Initial Yield of 10.4% (after allowing for purchaser`s costs at 1.8%)

Location
The property forms part of a local shopping parade comprising local type occupiers situated approximately 2.5 miles to the east of Birkenhead Town Centre with the property a short distance from junction 2 of the M53 motorway which provides links to the surrounding Wirral district as well as Liverpool City Centre via the Kingsway tunnel.

The Property
The premises consists of a two storey mid-terrace building comprising of ground floor retail unit together with ancillary storage accommodation to the first floor. Internally, the property has been fit out to a high standard and currently trading as a Sunbed shop benefiting from a carpet tiled floor coverings throughout, suspended ceiling with recessed fluorescent strip lighting, three phase electricity, and kitchenette and WC facilities to the rear of the ground floor. Externally, the property benefits from a single glazed aluminium framed frontage and nearby kerbside parking provision.

Accommodation
We have measured the premises in accordance with the RICS Code of Measuring Practice (6th Edition) to provide the following approximate areas and dimensions:

Ground Floor
NIA: 95.5 sq.m. (1,028 sq.ft.)

First Floor
NIA: 40.1 sq.m. (432 sq.ft.)

Tenancy Information
We understand that the property is currently let to Sunbed Studio, on a Full Repairing and Insuring Lease for a Term of 5 years from 23rd June 2016, at a current passing rent of £9,000 per annum.

Further details upon request.

EPC
Full report available upon request.

Rates
We understand through internet enquiries that the property has a rateable value of £8,300.

The Uniform Business Rate 2020/21 is 49.1p (or 50.4p above £18,000). Interested parties should make their own enquiry of Liverpool City Council`s Rating Department on 0151 233 3008 or www.voa.gov.uk/businessrates.

Price
£85,000, for the Freehold interest.

Viewings
Strictly by appointment via the sole agents SK Real Estate (Liverpool) Ltd Tel: 0151 207 9339 / Contact: Tom Pearson (tom.pearson@skrealestate.co.uk)

Listed By:

SK Real Estate
2 Cotton Street,
Liverpool, L3 7DY
Tel: 0151 207 9339
Email: commercial@skrealestate.co.uk

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